Trupanion Inc (TRUP) Expected to Post Quarterly Sales of $61.50 Million
Equities research analysts predict that Trupanion Inc (NYSE:TRUP) will post sales of $61.50 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Trupanion’s earnings, with the highest sales estimate coming in at $62.00 million and the lowest estimate coming in at $61.00 million. Trupanion posted sales of $48.36 million during the same quarter last year, which would indicate a positive year over year growth rate of 27.2%. The firm is expected to report its next quarterly earnings report after the market closes on Tuesday, November 7th.
On average, analysts expect that Trupanion will report full year sales of $61.50 million for the current fiscal year, with estimates ranging from $238.20 million to $240.00 million. For the next year, analysts forecast that the firm will post sales of $291.45 million per share, with estimates ranging from $287.90 million to $295.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Trupanion.
Trupanion (NYSE:TRUP) last announced its quarterly earnings results on Tuesday, August 1st. The financial services provider reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. Trupanion had a net margin of 0.71% and a return on equity of 3.57%. The company had revenue of $58.30 million for the quarter, compared to the consensus estimate of $57.58 million. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. The company’s revenue for the quarter was up 27.3% compared to the same quarter last year.
TRUP has been the topic of several recent research reports. BidaskClub cut shares of Trupanion from a “hold” rating to a “sell” rating in a research note on Thursday, September 7th. Cowen and Company reissued a “buy” rating and issued a $19.00 target price on shares of Trupanion in a research report on Friday, July 14th. Zacks Investment Research raised shares of Trupanion from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Wednesday, October 4th. Northland Securities set a $23.00 target price on shares of Trupanion and gave the stock a “buy” rating in a research report on Thursday, July 6th. Finally, TheStreet raised shares of Trupanion from a “d” rating to a “c-” rating in a research report on Monday, July 17th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $26.50.
In related news, insider Asher Bearman sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $22.55, for a total transaction of $56,375.00. Following the completion of the sale, the insider now directly owns 5,539 shares in the company, valued at $124,904.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Howard E. Rubin sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $25.90, for a total transaction of $2,590,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,052 shares of company stock worth $3,662,969.
Several hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its holdings in shares of Trupanion by 37.3% during the second quarter. California State Teachers Retirement System now owns 39,784 shares of the financial services provider’s stock worth $890,000 after purchasing an additional 10,800 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Trupanion by 55.0% during the second quarter. The Manufacturers Life Insurance Company now owns 19,381 shares of the financial services provider’s stock worth $433,000 after purchasing an additional 6,874 shares during the period. Symmetry Peak Management LLC acquired a new stake in shares of Trupanion during the second quarter worth approximately $672,000. State Street Corp boosted its holdings in shares of Trupanion by 54.4% during the second quarter. State Street Corp now owns 346,367 shares of the financial services provider’s stock worth $7,752,000 after purchasing an additional 121,990 shares during the period. Finally, Lagoda Investment Management L.P. acquired a new stake in shares of Trupanion during the second quarter worth approximately $2,944,000.
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Shares of Trupanion (NYSE:TRUP) opened at 28.15 on Tuesday. The firm has a 50 day moving average of $25.41 and a 200 day moving average of $21.51. Trupanion has a one year low of $13.71 and a one year high of $28.96. The stock’s market cap is $844.36 million.
Trupanion Company Profile
Trupanion, Inc provides medical insurance plans for cats and dogs throughout the United States, Canada and Puerto Rico. The Company operates in two business segments: subscription business and other business. The subscription business segment includes monthly subscriptions for its medical plan, which are marketed to consumers.
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